Council to take action on Ordinance No. 05-26 adopting the establishment and levy of an annual assessment by the governing body of the Street Lighting Improvement Districts (SLIDs) set forth in said O
Extracted text (via pymupdf)
2464 characters
4.O CITY OF BUCKEYE Regular Council Meeting COUNCIL ACTION REPORT MEETING DATE: 06/16/26 AGENDA ITEM: 4.O. FIN - Ordinance No. 05-26 Street Lighting Improvement Districts Levy Assessment for fiscal year 2027 DATE PREPARED: 06/11/26 DISTRICT NO.: All STAFF LIAISON: Larry Price, Special Districts Manager, lprice@buckeyeaz.gov, (623) 349-6165 DEPARTMENT: Financial Services AGENDA ITEM TYPE: Consent Agenda Items / New Business ACTION/MOTION: (This language identifies the formal motion to be made by the Council) Council to take action on Ordinance No. 05-26 adopting the establishment and levy of an annual assessment by the governing body of the Street Lighting Improvement Districts (SLIDs) set forth in said Ordinance for fiscal year 2027, beginning July 1, 2026 and ending June 30, 2027, upon each property within the District, a certain sum sufficient to raise the amounts estimated to be required in the annual budget. GOALS AND OBJECTIVES FOR THE STRATEGIC PLAN FOCUS AREAS: Fiscal Responsibility SUMMARY PROJECT DESCRIPTION: A Street Lighting Improvement District, also known as SLID, is established with the approval of the Governing Board of the SLID. The City Council serves as the Governing Board, and the City administers the operations of each SLID, formed for the purpose of operating and maintaining street lighting located within the SLID. By Arizona law, a SLID cannot incur debt. The assessment is imposed on each property within a SLID and is collected through the Maricopa County property tax system. The assessed amount for energy costs for all SLIDs, is $647,700 for fiscal year 2027, with their respective allocations identified in the Ordinance. BENEFITS: The establishment and operation of SLIDs contribute to community safety by ensuring that streets are well lighted and that power supplied by the electric utility is paid for by the property owners benefitting from the street lighting adjacent to their property and neighborhood. FUTURE ACTION: SLIDs will be administered and managed by staff throughout fiscal year 2027. FINANCIAL IMPACT STATEMENT: Sufficient revenue will be raised to ensure power costs are offset within the respective SLID. CURRENT FISCAL YEAR TOTAL COST: N/A BUDGETED: Yes FISCAL YEAR: FY2027 FUND/DEPARTMENT: 3150 Items related to a project or facility location must include an attached vicinity map for Council Review. ATTACHMENTS: FY 2027 Levy Listing.docx Ordinance_No_05-26_SLID_FY_2027_Levy_Listing.pdf